Legal analysis: Online lending is an act of borrowing, so the act of signing a loan agreement is legal, but the signed loan agreement must comply with legal provisions to be legally effective. A loan contract is a contract in which the borrower borrows money from the lender and returns the loan and pays interest when due. The loan contract shall be in written form, unless otherwise agreed on the loan between natural persons. The content of the loan contract includes terms such as loan type, currency, purpose, amount, interest rate, term and repayment method.

Legal basis: Article 469 of the "People's Republic of China and Civil Code" The parties may conclude a contract in written form, oral form or other forms. Written forms are contracts, letters, telegrams, telexes, faxes and other forms that can tangibly express the content contained therein. Data messages that can tangibly express the content through electronic data exchange, email, etc., and can be retrieved at any time, are deemed to be in written form.